🕐24.04.13 - 11:27 Uhr

REED RESOURCES QUARTERLY REPORT



Dear Subscriber,

Reed Resources has released the Companys Quarterly Report for the March 2013 Quarter.

Highlights include:

Meekatharra Gold Operation
* Bluebird Gold Processing Plant fully commissioned and meeting throughput and recovery targets
* 53% of Bluebird open pit total material movement mined whilst 88% of Reserve ounces remain to be mined
* 9,030 ounces mined and 9,123 ounces produced
* Target unit mining, processing and administration costs being achieved or bettered

Mt Marion Lithium Project
* “Proof of Technology” test work program commenced

Barrambie Fe-Ti-V Project
* Continued the evaluation of a proprietary hydrometallurgical technology to produce high-purity titanium, iron & vanadium

Corporate
* $27 million cash realised on closure of hedge book
* Credit Suisse debt facility is fully repaid and group security is to be released
* Company cash balance increased by $7.7 million
* Executed a binding MOU for the sale of the Comet Vale Project for $6 million cash

The full announcement can be downloaded from http://www.reedresources.com/reports/435-quarterly-activities-report-130424.pdf

regards
The Reed Resources Team
==============================================

Unsubscribe from this list:
http://reedresources.us2.list-manage1.com/unsubscribe?u=773668750eed9c3d1dd94593d&id=260499d2c3&e=3a8b0a6829&c=8d9442d853



Products & Services | Jobs